The NQ one hour time frame is in an up channel. The market is at a low price in the buy zone hitting the bottom of the up channel. The market has an up Fibonacci with an extension price point 21046.00 about +634 ticks above the market. It will be a good idea to look for long ideas as long as the market stays in the buy zone.
Entry: Counter trend line break bullish in the buy zone.
STOP: 20365.00
LIMIT: 21046.00
Another Entry Idea: Turn to the five minute time frame and look for your favorite entry strategy in the direction of the one hour price target.
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